5588 Highbank Road, Mississauga
Central Erin Mills · Investor guide
$1,049,000
Estimated Value
$898,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by EVERLAND REALTY INC.
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
4
Bathrooms
4
Days on Market
9
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Based on Central Erin Mills neighbourhood rental data · Verify suite legality with the City of Mississauga
Remarks
Location! Location! Stunning Semi-Detached Home In Desirable Central Erin Mills Area. Spacious 3 Bedroom with Functional Layout, Finished Basement and Separate Entrance, Upgraded Family Size Kitchen Overlooking Dining and Living Rooms. New Laminate flooring, New Painting, Newer Window (2024), Newer Furnace and AC, No Side Walk, Can Park Up To 4 Cars On Large Driveway, Walking Distance To Streetsville Go Station. Close To All Grocery Stores, Shopping Mall, Park, Public Transport & Top Ranked Vista Heights Elementary School.
MississaugaInvestor.ca
5588 Highbank Road
Semi-Detached · 4bd/4ba · ~1,750 sqft
$1,049,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.89%
Monthly Cash Flow
-$2,301/mo
Estimated Rent
$4,590/mo
Cash-on-Cash
-11.99%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,590 |
| Mortgage | −$4,828 |
| Property Tax | −$734 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$874 |
| Vacancy (5%) | −$230 |
| Cash Flow | -$2,301/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$55,080 |
| Vacancy (5%) | −$2,754 |
| Property Tax | −$8,812 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$10,490 |
| Annual NOI | $30,324 |
| Cap Rate | 2.89% |
Cash Required to Close
| Down Payment (20%) | $209,800 |
| Ontario Land Transfer Tax | $17,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $230,255 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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